Revenue Rises for Neiman Marcus Direct, Stores

Share this article:
Revenue at The Neiman Marcus Group Inc., Dallas, and its Neiman Marcus Direct division was up in the 2003 fiscal first quarter, which ended Nov. 2, the company said yesterday.


Total revenue was $734 million in the quarter, up from $681 million the previous year. Net earnings before a change in accounting principle totaled $43 million for the quarter, up from $23 million for the 2002 Q1.


In the fourth quarter of fiscal year 2002, the company realigned its business segments. Online operations are included in the Direct Marketing segment while previously certain online operations were included in the Other business segment.


Neiman Marcus Direct reported 2003 Q1 revenue of $114 million compared with $102 million the prior year. Operating earnings for Neiman Marcus Direct reached $7.4 million compared with a loss of $2.3 million in the 2002 Q1.


First-quarter revenue for the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, reached $601 million compared with $561 million the prior year.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

7 Ways to Take Your Marketing Strategy to the Big Leagues

7 Ways to Take Your Marketing Strategy to ...

A game-winning omnichannel strategy must be seamless, synchronous, and symbiotic.

Pet World's Multichannel Marketing Is a Whole Other Animal

Pet World's Multichannel Marketing Is a Whole Other ...

The family owned pet store redesigns its website to bring the in-store experience online.

Complexity's What Marketers Got, Simplicity's What They Want

Complexity's What Marketers Got, Simplicity's What They Want

Customer insights managers want campaign management tools to remain easy to use, even as they up their games with multi-layered campaigns.